Life insurance companies in Bikaner can help you to get a life insurance. It is very important to get the best life insurance plan. So, that your family can live happily in your absence too. It is a kind of safe move for happiness on faces of your loved ones in-case if you meet any accident or meet death. So, here I am going to tell you about best life insurance companies in Bikaner that can help you to get the best life insurance policy plan.
What is Insurance?
Insurance is a kind of agreement in which a company undertakes a guarantee of providing compensation for any loss or damage of any property as well as for death, illness or any accident in return for payment of a specific premium that is mostly charged monthly.
It is a means of security or protection from any kind of loss. It reduces risk and tension involved in business or for life. An entity that provides insurance is known as an insurer, an insurance company. A person who takes insurance is known as an insured or a policy holder. The contract is known as insurance policy. The contract or the policy has terms and conditions under which insurer will compensate the insured. Insurer will charge some amount from the policy holder and that amount is known as premium.
Types of Insurance
- Life Insurance
- Vehicle insurance
- Business Insurance
- Health insurance
- Property Insurance
- Any other as mentioned
What is Life Insurance?
Life insurance is a contract between an insurer and insurance policy holder. In this contract, the insurer promises or take guarantee to pay a sum of money in exchange of premium upon the death of an insured person or after the prescribed period of time. These contracts are legal.
Why life insurance policy is important?
As being a solo earning man or women, and your kinds or family members are dependent on you to enjoy and live their life. But here the question arises that would you be able to serve your family after retirement or death? To continue with the same life style, insurance is mandatory because life is uncertain and inevitable.
Top 10 Life Insurance Companies in Bikaner
Here is the list of top life insurance companies in Bikaner where you can visit to buy life insurance policy.
1. LIC Life Insurance Corporation of India
This company is the oldest and largest company of insurance. It was founded in the year 1956. It is owned by the government of India. Its headquarter is in Mumbai. It has 113 offices in many parts of India. LIC is also known as Bharathiya Jeevan Beema Nigam. The slogan of this insurance company is “Zindagi me saath bhi, zindagi ke baad bhi”.
2. HDFC Standard Life Insurance Company Limited
This insurance company is a public company and was founded in the year 2000. Its headquarter is in Mumbai. It offers large range of Insurance plan for individual as well as for group. It is a joint venture between Housing Development Finance Corporation ltd and Standard Life Aberdeen PLC.
Plans provided by HDFC Life Insurance Company
- Term insurance plan
- Money back plan
- Unit linked Insurance plan
- Whole life plan
- Endowment plan
- Child Insurance plan
- Pension plan
- Health plan, Etc
3. Birla Sun Life Insurance Company Limited
One of the private sector providing service of life insurance to secure and protect your family. It was incorporated on 4th of August, 2000 and commenced the service from 17th of January, 2001. The headquarter of this company is in Mumbai. Pankaj Razdan is the CEO and Managing Director having good experience in financial service.
It includes various plans to save the future of your loved ones, for example- children future plans, wealth protection plans, health plans, retirement and pension solutions, etc.
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4. Max Life Insurance Company Limited
A joint venture between between Mitsui Sumitomo Insurance Company and Max Financial service. The founder and the chairman of Max group is Mr. Analjit Singh. It was founded in the year 2000 and commenced its service in 2001. The headquarter of the company is in Delhi. It has around two lacs customers.
It offers numerous plans- child plans, growth plans, saving plans, strategic plan, retirement plans, group plans, term plans. Apart from life insurance scheme it also take care of pension, annuity and health. The company has total assets worth ₹35825 crore.
5. Reliance Nippon Life Insurance Company Limited
This insurance company is registered under Insurance Regulatory and Development Authority and part of Reliance Capital. The organisation is a private Limited Company founded in 14th of May, 2001. Anil Ambani is the chairman of the same. It has total assets worth ₹150 billion.
The headquarter is in Mumbai. The company offers its product in four different segments like protection plans, investment plans, retirement plans and children plans.
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6. SBI Life Insurance Company Limited
The company is a joint venture between State Bank of India and BNL Paribas Cardif. SBI is the largest bank in terms of banking and financial services. The headquarter of Insurance Company is in Mumbai and serve the service worldwide. It was founded in March, 2001. It can be traded as BSE and NSE. In term of business activity, it sells its life insurance product.
It ensures the security for tomorrow. This offers its product as child education plans, care free retirement plans, financial security, family protection, wealth protection.
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7. ICICI prudential Life Insurance
It is the first private sector who begin the service of life insurance policy. It received approval from Insurance Regulatory Development Authority (IRDA) in the year 2000. In order to secure your family and your loved ones after death, the corporation protects the future of your family and reduce the financial worries.
This company was rated AAA by fitch and has marked as most trusted private life insurer. The policies are affordable, customisable and provide complete protection in case of disability or death to your family.
8. Bajaj Allianz Life Insurance Company Limited
It is leading privacy company which offers range of insurance products including financial planning and security. Products of this company are- car insurance, two wheeler insurance, travel insurance, health insurance, investment plan, retirement plan, term plan, ULIP, etc.
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9. PNB MetLife India Insurance
A trusted life insurance company founded in 2001. It is a public company present in more than 150 locations in the country. The headquarter is in Mumbai. It received award in 2016 for ‘website of the year’.
Plans offered by Met Life India Insurance
- MetLife money back plan
- MetLife Major Illness premium back cover
- MetLife Endowment Saving plan
- MetLife Mera Tera plan
- MetLife College Plan
- MetLife Retirement Savings plan
- MetLife Mera wealth Plan
10. TATA AIA Life Insurance Company Limited
It is a joint venture between Tata sons and AIA group Limited. Its headquarter is in Mumbai. It began its business activity in 2001. It offers numerous insurance plans, as provided by the other insurance company like term plan, saving plan, child insurance plan, pension plan, protection plan, group plan, micro insurance plan, wealth plan, etc. Rishi Srivastava is the CEO of the company since 2018.
Benefits of Life Insurance
If a person who earns money for his family and unfortunately meet with an accident or any calamity or get die due to any disease, then who will serve his family? There would a drastic impact on his family for his debts. To reduce the burden after his death on his family, insurance is required. However, insurance can’t prevent risk involved in life but can compensate for any losses that can be arise. Life Insurance is a good investment. It secures your money and gives you high return. You will also get income tax benefit.
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After many years of hard working and burdened of responsibilities, you forgot to enjoy your life in fulfilling dreams of your children and cancelled your vacations. In old age, you cannot work as you are working now. Insurance helps you to save money and secure your future. Make sure you go through terms and conditions. Check eligibility and tenure.